Mon.Dec 05, 2022

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Bloomberg: Party City Reaches Out to Creditors for More Liquidity

Retail TouchPoints

Party City is reportedly renewing talks with creditors to acquire liquidity with help from existing advisers, people familiar with the situation told Bloomberg. The retailer had about $121.5 million of liquidity available at the end of Q3 2022, including about $92 million of availability under asset-based credit lines, against nearly $1.8 billion in debt.

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Five e-commerce trends to shape your 2023 strategy

Inside Retail

Consumers are the driving force behind a constantly changing, fragmented and evolving e-commerce landscape. To understand the way they shop online today, ChannelAdvisor , a complete multichannel solution for brands and retailers, recently surveyed more than 5000 global consumers across Australia, the US, the UK, France and Germany in partnership with global research firm Dynata. .

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CarParts.com Taps Former Amazon Exec as COO

Retail TouchPoints

Former Amazon Fresh Grocery VP Michael Huffaker has been appointed as Chief Operating Officer of CarParts.com as the ecommerce retailer looks to “continuously stay ahead of the curve.”. As COO, Huffaker will be responsible for ensuring customers receive a world-class experience from the moment they place an order to the time it arrives on their doorstep.

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How Camilla Franks stepped out in ‘The White Lotus’

Inside Retail

Australian fashion designer Camilla Franks has picked up some screen time on the cult comedy-drama series, The White Lotus. The designer’s looks were first worn by the series’ protagonist Tanya McQuoid, played by Hollywood actress Jennifer Coolidge in the first season. And having collaborated with costume designer Alex Bovaird, Franks has since been invited as a ‘friend-of-the-crew’ extra in a decadent party scene episode that airs this week.

Fashion 246
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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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Avatar Fashions Inspire New F21 Collection

Retail TouchPoints

Forever 21 is celebrating its one year “meta-versary” with the launch of a metaverse-inspired, real-world fashion collection. The F21 Metaverse Collection features hoodies and T-shirts designed with elements from the brand’s virtual offerings and is now available in-stores and online. The collection also includes a real-life version of the fan-favorite Forever Beanie, which was the No. 1 selling avatar item in Forever 21 Shop City on Roblox.

Fashion 278
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The great resistance: Why union representation is growing

Inside Retail

Say what you will about the challenges faced by retailers recently, it’s clear that the last few years have also had a disproportionate impact on workers. Whether being locked down and unable to work, being let go at the height of the pandemic to keep costs down , or being monitored through surveillance technology while working from home, many workers have become disillusioned with the nature of employment in the retail industry, compounded by years of underpayment and harassment scandals.

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More Trending

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Mimco unveils new-look store style in Sydney’s CBD

Inside Retail

Melbourne brand Mimco has launched its new store concept in a return to Sydney’s CBD – and another at Chadstone Shopping Centre in Melbourne. . The Sydney store – at Westfield Sydney – offers a range of bags, jewellery, and accessories, and was designed in collaboration with the team at Doherty Design Studio. . The 87sqm space has a soft pastel colour palette that spans unique light fittings and curved fixtures designed by Melbourne-based artist Jordan Fleming.

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MAPIC 2022 concludes with strong industry attendance

Retail Focus

This year’s MAPIC hosted over 5,000 participants, including exhibitors and participants from 75 countries. Whilst European exhibitors maintained a strong presence, the growing importance of the Middle East and Asia was reflected in the growing number of exhibitors and participants from these geographies, including those from Saudi Arabia, Kuwait and Uzbekistan.

Finance 182
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Japanese Digital Marketplaces are Hot! What to Know About Setting Up Shop

Retail TouchPoints

With proper planning and the right partners, the Japanese digital marketplace is a prime one to enter: projected at $144 billion dollars, Japan is the fourth largest ecommerce marketplace, growing at an almost 15% annual growth rate. It boasts an internet penetration rate of 93%. Growth markets include food, personal care, fashion, beauty products, toys, electronics and furniture amongst many other categories.

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Giuseppe di Morabito, Harrods

Retail Focus

Working with Harlequin Design , Milan-based fashion designer Giuseppe di Morabito has launched a monochromatic retail space in the world-famous Harrods Department store. Giuseppe di Morabito (born in 1992) founded his eponymous brand in Milan in 2015. The brand’s style plays with a sense of elegant bizarreness, the art of tailoring in different shapes and forms: the garments vary from ready-to-wear to the more sophisticated.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Cheaper gas and chicken wings are seen as signs of easing inflation

Retail Wire

Gas prices have been plummeting and chicken wings no longer cost an arm and a leg. Americans are starting to see signs that continually rising prices may not be a fait accompli.

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How Singapore’s first checkout-free store, Pick & Go, continues to evolve

Inside Retail

These days, frictionless shopping is becoming more commonplace around the world. But a few years ago, it was still fairly cutting-edge. Back in 2019, three homegrown retailers in Singapore, namely Pick & Go, Octobox and Omo Store, showcased their versions of the unmanned retail store at a local exhibition. Their concepts essentially utilised radio-frequency identification, cashless payments and artificial intelligence (AI) to enable shoppers to enter stores and buy items without having to in

Checkout 130
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John Lewis and Partners help build happier future’s in 2022 Christmas window scheme

Retail Focus

The 2022 John Lewis & Partners Christmas campaign centres around children in care, and how small acts of kindness can go a long way for a vulnerable child. This year’s TV advert features a middle-aged man repeatedly trying and failing to learn to skateboard while they prepare for Christmas. He is about to foster a child who is a keen skateboarder and wants to make them feel welcome.

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Melbourne Fashion Festival 2023 plans revealed

Inside Retail

Australia’s “longest-running consumer fashion event” – the Paypal Melbourne Fashion Festival 2023 (MFF) – will return to the Royal Exhibition Building in March. Now in its 27th year, the event provides a platform for emerging designers, creatives, writers and filmmakers to showcase their achievements. Running from March 3-11, the festival will welcome about 3000 guests each night to the building’s reimagined fashion-forward social quarter, dubbed Fashion Forecourt.

Fashion 130
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Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

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Delivery services face challenges from Walmart, Kroger and Amazon

Retail Wire

Large retailers including Walmart, Kroger and Amazon are shifting a larger percentage of their deliveries to their own in-house operations instead of using third parties such as Instacart, DoorDash and Uber.

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How to optimise your e-commerce site, according to science

Inside Retail

Australians’ love affair with online retail therapy thrived during the pandemic and since then has continued on an upward trajectory. With the biggest online shopping period looming, consumers are inundated with offers and a wide selection from retailers. This year, Australia Post anticipates a 3 per cent increase in online purchases in the five weeks before Christmas. .

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Gen Z went to the mall on Black Friday

Retail Wire

Gen Z consumers seem unfettered by inflation when it comes to shopping for Christmas gifts. “One standout this Black Friday was the high turnout of Gen Z in stores,” said Kristen Classi-Zummo, apparel industry analyst with NPD. “Younger consumers flooded the mall, treating Black Friday as a social event. They came early, they came with friends, and they came to shop.”.

Apparel 130
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Tips to avoid sensory overload at Christmas

Inside Retail

The silly season, as it has come to be affectionately known, is a time when we are expected to be socially available, navigate crowded stores and attempt to find the perfect gifts for loved ones. We reflect on the year that was, take some time out to recalibrate and think about the year to come. For the estimated 20 per cent of the Australian population who identify as neurodistinct, however, Christmas is one mighty sensory roller-coaster during which cognitive reserves are drained. .

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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Apple restarts its advertising on Twitter

Retail Wire

Apple is planning to resume advertising on Twitter after the social media site offered incentives to get them and others to return. Twitter is offering to match dollar-for-dollar ad expenditures of $500,000. Apple is the largest advertiser on Twitter, according to Elon Musk.

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Emma CEO Manuel Müller on the secret to his mattress brand’s global success

Inside Retail

German sleep tech company Emma is expanding its presence in Australia through a new partnership with Everyday Market, Woolworths’ online marketplace for household appliances, electronics, toys, home decor and more. Everyday Market is Emma’s first official retail partnership in Australia, but it won’t be its last. In June, the brand announced its plan to form partnerships with online marketplaces and retailers in the FMCG, technology and lifestyle space, as well as traditional mattress reta

Marketing 130
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Luxury laundry brand recalls millions of products over contamination concerns

Retail Wire

Laundress has recalled about eight million laundry and cleaning products over concerns that they might contain bacteria that could lead to infections in people, particularly those who are immunocompromised.

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Is Amazon done disrupting retail?

Retail Dive

The e-commerce giant is looking past the industry to expand its reach, and rivals have figured out ways to compete.

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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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VF Corp. CEO is retiring, brand cuts full-year forecast

Retail Wire

VF Corporation CEO and chairman Steve Rendle is retiring from the company after six years on the job. The apparel manufacturer, which owns The North Face, Timberland and other brands, lowered its sales and earnings forecast for the year.

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KServicing Responds to House Subcommittee on PPP Loan Inquiry

Small Biz Trends

KServicing has hit back against allegations that it had facilitated high rates of fraudulent PPP loans. KServicing and other fintech companies were accused in a report by the House Select Committee on the Coronavirus Crisis, of defrauding the federal government out of large sums of money. “Unfortunately, the report does the American people a disservice by parsing bits of information out of context to reach a predetermined conclusion.

Finance 111
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Trader Joe’s gives customers reasons to be loyal

Retail Wire

Trader Joe’s stocks its stores with products that its shoppers want. It staffs them with people who are knowledgeable about the products it sells and responsive to the needs of its customers. That is why the chain has never needed to think about adding a loyalty program.

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Cyber Monday Online Sales Set Massive Record High

Small Biz Trends

Adobe has published its online shopping data for the 2022 holiday season, which includes Thanksgiving, Black Friday and Cyber Monday. Cyber Monday Online Sales Set Massive Record High. The data revealed that consumers spent a record total of $11.3 billion on Cyber Monday, which represents a 5.8% year-over-year growth. Cyber Monday also saw consumers spend $12.8 million every minute during the 8am to 9am Pacific Time peak hour.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

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California restaurants try to undo minimum hourly wage law

Retail Wire

Restaurant operators in California and their trade associations said they have gotten enough signatures to try and overturn a previously passed ballot measure that would set minimum hourly wages for fast-food industry workers in the state beginning next year. The International Franchise Association, the National Restaurant Association and the U.S. Chamber of Commerce are among the groups looking to throw out the new law.

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7 Digital Trends You Need to Know for 2023

Mulesoft

2023 is just around the corner, and with a new year comes new business goals, objectives, and digital initiatives. Since the pandemic, we’ve seen organizations speed up and adjust their digital transformation strategies faster than ever to meet new customer expectations and market demands. Digital trends to keep an eye on for 2023 As we […]. The post 7 Digital Trends You Need to Know for 2023 first appeared on MuleSoft Blog.

Marketing 104
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Cartier Opens Elegant Boutique in Amsterdam

VMS

Luxury jeweler Cartier (Paris) has opened its third boutique in Amsterdam, at P.C. Hooftstraat 129. Studio Parisien oversaw the boutique’s design inside and out, inspired and supported by local Dutch talents. The boutique’s ceramic façade, designed by Amsterdam-based artist Eva Crebolder, is inspired by the perfect imperfections of the city’s canal houses.

Boutique 101
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How to Set Up an Automation Strategy That Scales

Mulesoft

Over the last few years, one theme has been universal regardless of industry, company size, or geography: every organization is trying to accelerate innovation while maintaining safety and stability. How will enterprises balance the need for accelerated innovation at the edge while simultaneously addressing the need for increased governance over the work of distributed teams […].

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.